Markets

Med crude-Urals diffs stable in NWE and Med in quiet trade

Published November 12, 2018 Updated November 12, 2018 07:09pm

Urals loading dates for the first days of December are expected later this week, while demand for cross-month cargoes supports the grade, traders said.

 

* In the Platts window, Trafigura showed 100,000 tonnes of Urals from Primorsk on Ust-Luga for Dec. 3-7 loading at dated Brent parity, but withdrew.

* There were no bids and offers for Urals and Azeri BTC in the Mediterranean on Monday.

* OMV withdrew a bid for 90,000 tonnes of CPC Blend for Dec. 2-6 loading at minus $2.30 a barrel to dated Brent, down 20 cents from a similar bid on Friday.

* Russia's Energy Minister Alexander Novak said on Monday that no decision on global oil output was made at a meeting of OPEC and non-OPEC oil producers in Abu Dhabi.

* Russia's average daily oil production stood at 11.39 million barrels between Nov. 1 and Nov. 11, a source familiar with the energy ministry data told Reuters on Monday.

Copyright Reuters, 2018